Futures Day Trading Tip & Economic Reports 10.07.2015

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday October 7, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Survivor Day Trading

This article was published by the Stocks, Futures, & Options Magazine in September, 2007 and was written by our VP, Ilan Levy-Mayer. We think this article is timeless and whether you are beginner or advanced trader, you will enjoy it.

Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets. What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, Day trading is by definition a trade that is initiated and completed during the same trading day. In this wide category, you will find many types of traders. On one end of the spectrum are scalpers, who go for one or two ticks of profit several times a day in trades lasting just seconds. On the other side are speculators who stay in a position from the start of the day until the close. One of the main appeals of day trading for all types is that the trader goes home flat without having to worry about positions. When the market closes, the day is done. Money management, as the name implies, is applying prudent principles to help conserve your trade (risk) capital. Without risk capital to trade, a speculator does not have a chance to succeed.

Preserve Your Trading Capital

Just The liquidity and volume of markets including the E-mini S&P 500, U.S. 30-year bonds and many others are attracting increasing numbers of day traders. The speed of execution, the growth in technology and a continued trend toward lower commissions provides an attractive environment for day trading. Today, traders can take into account mixed markets that are open nearly 24 hours a day and offer low day-trading margins. It’s easy to understand the reason some futures markets are now considered day-trading heavens for many who previously traded stocks, foreign exchange and other instruments.

Please fill out the form below to download the “Survivor Day trading” PDF and read about:

*Fear and Greed

*Calculating daily profit targets and daily loss limits

*Position Size and more…..

Download “Survivor Day Trader” instantly.

Did you know Cannon offers FOREX trading including the MT4 platform? Check out our Trading Systems/ALGO Trading and Managed Accounts section!

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.

GOOD TRADING

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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Futures Trading Levels

Contract Dec. 2015	SP500	Nasdaq100	Dow Jones	Mini Russell	Dollar Index
Resistance 3	1999.25	4379.83	16947	1157.83	96.83
Resistance 2	1990.75	4350.92	16854	1149.17	96.55
Resistance 1	1979.50	4321.33	16763	1138.63	96.04
Pivot	1971.00	4292.42	16670	1129.97	95.77
Support 1	1959.75	4262.83	16579	1119.43	95.26
Support 2	1951.25	4233.92	16486	1110.77	94.98
Support 3	1940.00	4204.33	16395	1100.23	94.47

Contract	Dec. Gold	Dec. Silver	Nov. Crude Oil	Dec. Bonds	Dec. Euro
Resistance 3	1170.3	16.62	52.68	159 15/32	1.1433
Resistance 2	1160.6	16.36	50.71	158 23/32	1.1363
Resistance 1	1153.8	16.10	49.67	158 7/32	1.1325
Pivot	1144.1	15.84	47.70	157 15/32	1.1255
Support 1	1137.3	15.58	46.66	156 31/32	1.1217
Support 2	1127.6	15.32	44.69	156 7/32	1.1147
Support 3	1120.8	15.06	43.65	155 23/32	1.1109

Contract	Dec. Corn	Dec. Wheat	Nov Beans	Dec. SoyMeal	Nov. Nat Gas
Resistance 3	408.2	544.3	906.17	312.43	2.56
Resistance 2	403.6	535.4	900.83	310.07	2.52
Resistance 1	400.9	530.8	894.42	306.83	2.50
Pivot	396.3	521.9	889.08	304.47	2.45
Support 1	393.7	517.3	882.7	301.2	2.4
Support 2	389.1	508.4	877.33	298.87	2.38
Support 3	386.4	503.8	870.92	295.63	2.36

Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date	4:12pm	Currency		Forecast	Previous

WedOct 7	2:00am	EUR	German Industrial Production m/m	0.3%	0.7%
	2:45am	EUR	French Trade Balance	-3.6B	-3.3B
	Tentative	EUR	German 10-y Bond Auction		0.69\|1.2
	10:30am	USD	Crude Oil Inventories	2.2M	4.0M
	1:01pm	USD	10-y Bond Auction		2.24\|2.7
	3:00pm	USD	Consumer Credit m/m	18.8B	19.1B

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

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Futures Day Trading Tip & Economic Reports 10.07.2015

Futures Day Trading Tip & Economic Reports 10.07.2015

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

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